Amundi Euro Stoxx Banks

ETF description

This ETF focuses on banks and financial institutions across countries that use the euro. It includes large and mid‑sized banks that provide services such as lending, investment management, and payment processing. Since banks play a central role in the economy, their performance can be influenced by interest rates, economic growth, and financial regulations.

This ETF may appeal to investors who want focused exposure to the European banking sector. It could be of interest to those who follow financial markets and want to invest in banks rather than a broader stock market index.

Issuer details

Amundi Asset Management is the largest asset manager in Europe, with over €2 trillion in assets under management as of June 2024. Amundi offers a comprehensive range of investment products, including ETFs, mutual funds, active management, and alternative investments, covering a wide array of market segments such as equities, fixed income, multi‑asset, alternatives, and ESG (Environmental, Social, Governance). Founded in 2010 through the merger of the asset management arms of Crédit Agricole and Société Générale, Amundi has a strong commitment to ESG investing and innovation, striving to deliver cost‑efficient solutions to its clients. With an extensive global presence, Amundi’s notable ETFs include the Amundi MSCI World UCITS ETF and the Amundi Prime Global UCITS ETF, highlighting its dedication to providing diversified and sustainable investment options.

Index details

The EURO STOXX Banks Net Return EUR Index measures the performance of banks (as defined by the Industry Classification Benchmark) in the euro zone and provides geographic exposure to Austria, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, Netherlands, Portugal and Spain. The index is a sub‑index of the EURO STOXX? Index, which measures the performance of the large‑cap, mid‑cap and small‑cap equities of the euro zone.